Trump’s Spending Frenzy Boosts Copper at Gold’s Expense: Chart

Copper, coming off its best week since 2011, is leaving haven assets such as gold in the dust. With an improving economic outlook in China and bets on increased U.S. infrastructure spending bolstering the demand outlook, copper and other industrial metals are expected to outperform precious metals in the coming months, said Chuck Self, the chief investment officer of iSectors LLC. An ounce of bullion buys about 485 pounds of copper, the least since November 2015.

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